Dogwifhat has sustained its epic rally following its listing on Coinbase Exchange as it moves up in the general market ranking
Dogwifhat (WIF), the Solana-based memecoin, has recently made waves in the crypto world, skyrocketing by nearly 35%. This notable surge came after Coinbase teased the listing of the digital assets on its X official account, a part of Coinbase’s updated roadmap.
Coinbase Listing Brings WIF to the Spotlight
Coinbase’s news set off a buying spree as investors eagerly anticipated the token’s debut on one of the world’s most popular exchanges.
With Coinbase ready to roll out trading on the WIF-USD pair, this listing marks another major boost for memecoins in the digital asset market. Around the time of the update, WIF saw a quick 21% climb, capturing attention across the crypto community.
Assets added to the roadmap today: dogwifhat (WIF)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) November 13, 2024
As of Wednesday, WIF had already shot up 34.28%, reaching $4.071, which shows how quickly the market reacted to the news.
Coinbase shared that trading for WIF will start once liquidity conditions are met. The planned launch is on or after 3:30 p.m. ET (20:30 UTC). Notably, the exchange’s latest listing is part of its plans to add more memecoins to its portfolio.
For now, trading will be rolled out gradually and may not be available in every jurisdiction. This careful launch approach will ensure adequate liquidity and stability as Coinbase phases into trading on the WIF-USD pair.
WIF is not the only memecoin making headlines. Recently, Robinhood added PEPE to its platform, and Coinbase announced plans to list it. This caused PEPE’s price to climb by 30%.
Memecoins like WIF and PEPE have substantial appeal and trading power in the crypto market. These tokens often start as jokes or internet culture references but attract strong, community-driven followings that boost their popularity and price.
WIF’s Trading Volume and GMCI Meme Index
Dogwifhat’s recent price surge has cemented its place as one of the top tokens in the memecoin segment, trading at $4:13.
Regarding market capitalization, Dogwifhat is now the 26th largest cryptocurrency, valued at $4.1 billion. This places it below Cronos (CRO) at $4.6 billion and Uniswap (UNI) at $5.2 billion.
This places it below Cronos (CRO) at $4.6 billion and Uniswap (UNI) at $5.2 billion. In the past 24 hours alone, WIF has generated a trading volume of $3.9 billion, reflecting the growing interest in this new memecoin.
Notably, the GMCI Meme Index, which tracks the performance of various memecoins, is also up 5.2% to 496.24. This suggests a broader upward trend across the meme-driven digital assets.
Dogwifhat’s upcoming Coinbase listing marks a milestone, highlighting the growing legitimacy of memecoins in the crypto world. As WIF prepares for its debut, anticipation builds for an exciting new chapter in the memecoin market.
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